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Solve total product cost for last month for the amounts

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Reference no: EM132612214

Tesco Company showed the following costs for last month.

Direct materials $40,000

Direct labour 35,000

Overhead 52,000

Selling expense 17,000

Administrative expense 12,000

Last month, Tesco produced and sold 20,000 units at a sales price per unit of $18. Assume no beginning or ending inventory balances for work in process and finished goods inventory.

Required:

Question 1: Solve for the following amounts.

A. Total product cost for last month

B. Unit product cost for last month

C. Total period costs

D. Gross margin for last month

E. Operating income for last month

Reference no: EM132612214

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